Are All Democracies Equally Good? The Role of Interactions between Political Environment and Inequality for Rule of Law
by
Uwe Sunde, Matteo Cervellati, Piergiuseppe Fortunato
(August 2007)
slightly revised version published in: Economics Letters, 2008, 99 (3), 552-556
Abstract:
Using cross-country data, we find evidence for a significant negative interaction effect between democracy and inequality in determining the quality of growth-promoting institutions like rule of law. Democracy is associated with institutions of higher quality when inequality is lower.
Text: See Discussion Paper No. 2984
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